You're way ahead of yourself, how can you compare beginner title trading to those that trade OPM as a rate of return? It's like a 17 yr old that just got his license wanting to compete on the F1. Survival is the key name of the game at this point, then build consistency.
GGSAE was handing out some pretty good advice imo. Listening to someone already in the game (and said profitable) for a while won't hurt.
Please read carefully what I wrote. He did not read what I was talking about too. I was talking about Forex . I am profitable albeit on small scale now. But it gonna change. As I told about Title (stocks) there is nothing to talk about. i do not know anything and just training, thinking and reading. I cannot even do hot keys yet. Plus, I have a better trader to advice me on Forex. Just think, I have been trading FX for 6 months./ 3 months demo and 3 months live. I am every day in profit. I do not have overnight positions. I make my return very quickly. Very often in just few seconds or minutes. My risk control needs improvement mainly due to discipline issues, but I am just 6 months in the game and I am more than consistent. in 3 months live Forex trading, I was not profitable only 3 days when trading MB trading in July. last 2 months I am up every single day./ The only difference between me and that guy with big ego is that I am just starting and have no capital to speak about. I am taking advise when people are respectful, but this guy he is not.
I had to reread what you said about four times because your grammar is so poor...listen i was trying to give you honest advice, i have been nothing but straightforward and direct to everyone on this site (including no less than 50 pms i've received over the years). You should take the opportunity to listen to someone that was in your shoes, has gone through the stages and is offering the tools that helped get him through a few of the early hurdles. If you can't maintain a civil and objective conversation without getting emotional then all i can say is good luck! Enjoy trading your $50 account.
well. You see. You are insulting people and then wondering why people respond in a manner in which I did. I am not trying to be 100% correct with my English. It is my second language. but as i mentione before, if you do not know foreign languages or know them as poor as you know French, do not patronize others for few small mistakes. $50? well, it is not going to be $50 for long. but one more month I am going to trade same amount to perfect few things. I am just being careful and disciplined despite my desire to deposite more funds. My goal as I stated to trade company's money. I cannot leave opened positions at night, I cannot trade big leverage. Your style and mine are 2 different things. I am looking for institutional career and I am listening to someone who who knows what I should do and how I should trade. i never disregard good advise provided it is was respectful. your language is extremely disrespectful. This is the reason of my reaction. read my previous posts. before you started mocking me I was all smiles.
I intially said that because i was honestly confused..you said company money sorry i apologize because when you mentioned taking on clients (way back), e.g. like a hedge fund, it is entirely different than trading prop which was the whole premise of this long and detailed discussion. That's why i got into trading records/returns, ect...anyways if you can succesfully trade both forex and stocks (prop/retail or both) then by all means, just understand the learning curve is more than a few months.
Thank you. Finally we understand each other I surely understand that 3 months is not enough. This is why $50. I actually started with $900 when traded MB trading. But experience was not good. i paid them in comissions about $600 and added just about $50 to my account. it was a joke. almost daily software problems, huge fees and no charting software. i had to use MT4 for this purpose. Oanda is much better for me. After I am successful in November. I can add more funds. I also want to build my own account. I am at Title right now. Hot keys seem to be a main problem. I am messing with them badly. it is very dissapointing.
Funny, I was talking to somebody at Swift about maybe opening a branch office and was told they impose some sort of loss limit for each trader (which sounds good from a risk control standpoint). But then they said this "limit" was $50 per day for new trainees. I don't think I can train new people effectively while imposing a $50 loss limit per day. I went a different route.